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>>> thanks to the votes of democrats and republicans in congress. i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle class tax hike that could have sent the economy back in a recession and obviously had a severe impact on families across america. >> the fiscal cliff avoided for now in one final late night vote in washington. good evening. happy new year. i'm cheryl jennings. dan ashley and carolyn johnson have the night off. it means most of us, most of us will avoid a big income tax hike. it came after a bitter debate, but as one republican congressman said tonight, you have to know when to hold em and know when to fold em. now more from karen travers. >> after months of drama and last-minute negotiations congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> this law is just one step in the broader effort to strengthen our economy and broaden the opportunity for everybody. >> lawmakers completely blew their deadline. they didn't get the grand bargain that b
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